If you have an IRA, you may make a gift by gifting your annual distribution to LSS. Current IRS regulations allow an individual to donate up to $100,000 annually through 2009 to a qualified charitable organization. You may also include this in your estate planning by simply changing the beneficiary designation to include LSS of SD.
You can also give a gift of appreciated property including real estate such as land, farmland or a home as well as stock and securities.
LSS can accept a gift of environmentally clean real estate as an outright gift and as a gift to a charitable remainder unitrust or life income agreement.
The advantages of giving stock to Lutheran Social Services include:
- You bypass capital gains
- You receive full market value for your gift
- The gift can be better (for the donor) than giving cash
- It is a charitable tax deduction
- Can be given as an outright gift or to fund life income arrangments